The Rates described in this section apply only to eligible current or retired Federal Employees and their families. (See Plan Details for a complete description of Eligibility.)

10-Year Level Group Term Life premiums are based on your gender, current age and your health. For specific rates please see the applicable rate table below based on the amount of coverage you are applying for.

10-Year Level Group Term Life Insurance Rate Tables
Face Amounts: Under $100,000
Face Amounts: $100,000-$249,000
Face Amounts: $250,000-$499,000
Face Amounts: $500,000-$1,000,000


Volume Discounts
There are volume discounts for coverage amounts at $100,000, $250,000, and again at $500,000. These discounts can have a significant impact on reducing your insurance costs. Be sure to view the rate table based on the amount of coverage you are applying for.

Rates after the first 10 Years may be changed by New York Life on any premium due date or any date on whcih benefits are changed only on a class wide basis. For example, a Class is a group of people with the same age, gender, rating tier, etc.

Preferred Rates are available for coverage amounts of $100,000 or more. If you’re healthy and lead a healthy lifestyle, you may qualify for our Preferred rates at substantial savings over our already affordable Standard and Select rates. Preferred rates are not available to individuals who smoke or have high-risk occupations like skydiving or scuba diving. To determine which rates you qualify for, simply Apply for Coverage today.

Send no money now. You will be billed once you are approved for coverage.

30 Day “No Obligation” Free Look
Once approved for coverage, you be sent a Certificate of Insurance. If you are not completely satisfied with the terms of your certificate of insurance, you may return it, without claim, within 30 days of receipt. Your coverage will be invalidated and you will receive a full refund of any premium paid, no questions asked.

If you have any questions during the application process, please call 800-424-4801 for assistance.